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Sony plans more job cuts as smartphone sales shrink

2015-02-04 08:57:00| Telecompaper Headlines

(Telecompaper) Sony announced plans to cut another 2,100 jobs at its mobile phone business by March 2016, in order to return the activities to profit. In the past year, the company already reduced headcount by 15 percent at the mobile division. The additional restructuring is expected to cost JPY 30 billion and lead to JPY 90 billion in cost savings by the fiscal year ending March 2017. For the current year to 31 March, Sony forecast an operating loss of JPY 215 billion on sales of JPY 1.32 trillion for the mobile division. The downgrade from its previousl outlook reflects lower smartphoe unit sales, mainly in Asia, and foreign exchange effects. It will also take a JPY 176 billion impairment charge on the activities. In the coming years, sales are expected to shrink to JPY 900 billion to JPY 1.1 trillion in the year to March 2018 and the operatign margin improve to a positive 3-5 percent. In the latest quarter to 31 December, Sony reported sales up 28.7 percent to JPY 429.0 billion, and operating profit improved to JPY 9.3 billion from JPY 6.3 billion a year ago. The results were helped by exchange rate effects as well as an increase in smartphone sales to 11.9 million units from 10.7 million in the year-earlier period. For the full year to March, Sony downgraded its forecast for unit sales to 39.2 million, flat compared to the previous year, from an estimate of 41.0 million in October.

Tags: sales job plans sony

U.S. shale industry may shrink by 30% -- Ross Perot Jr.

2015-01-21 16:20:10| IT Services - Topix.net

Be ready for up to one third of the U.S. shale industry to get knocked out, warns Texan billionaire Ross Perot Jr. The son of legendary oil magnate Henry Ross Perot Sr. said the recent U.S. shale gas boom was "unsustainable," and now it's time for a bust. He predicts that crude oil prices could go below $40 per barrel, which would shut down 20% to 30% of U.S. shale industry as the declining price makes production too expensive.

Tags: industry jr ross shrink

Dannon Announces New Way To Help Shrink Temptation With Light & Fit Protein Shakes

2015-01-21 06:40:18| dairynetwork News Articles

Dannon is proud to introduce Light & Fit Protein Shakes, a new on-the-go option with a satisfying taste to help shrink everyday food temptations. Temptations come in many forms – from a box of donuts at the office to a late-day cookie craving

Tags: light fit protein announces

Shrink ship bubbles for climate fix

2014-12-19 01:26:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Getting ships to generate smaller bubbles as they sail across the oceans could counteract the impact of climate change, a study suggests. Scientists from University of Leeds, UK, say this would create a brighter wake behind a vessel and reflect more sunlight back into space. However, it could also increase rainfall in some areas. The findings were presented at the American Geophysical Union Fall Meeting in San Francisco. This is the latest idea from the hotly debated field of geoengineering...

Tags: ship fix climate shrink